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New Accounting Pronouncements
6 Months Ended
Jun. 30, 2011
New Accounting Pronouncements [Abstract]  
New Accounting Pronouncements
3. New Accounting Pronouncements
Recently Adopted Accounting Standards
     In October 2009, the FASB ratified ASU No. 2009-13 guidance related to revenue recognition that amends the previous guidance on arrangements with multiple deliverables, within ASC 605-25, Revenue Recognition — Multiple Element Arrangements. This guidance provides principles and application guidance on whether multiple deliverables exist, how the arrangements should be separated, and how the consideration should be allocated. It also clarifies the method to allocate revenue in an arrangement using the estimated selling price. This guidance became effective for the Company as of January 1, 2011, and did not impact the Company’s financial position or results of operations.
In April 2010, the FASB ratified ASU No. 2010-17 guidance related to the milestone method of revenue recognition. The ASU provides guidance on defining a milestone under ASC 605. This guidance states that an entity can make an accounting policy election to recognize a payment that is contingent upon the achievement of a substantive milestone in its entirety in the period in which the milestone is achieved. This guidance became effective for the Company as of January 1, 2011, and did not impact the Company’s financial position or results of operations.